Privacy Notice

Rev. 10/2023

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Facts: What does Lake Michigan Credit Union do with your personal information?

Why?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What?

The types of personal information we collect and share depend on the product or service you have with us. This information can include:

  • Social Security number and Income
  • Account Balances and Payment History
  • Credit History and Credit Scores

How?

All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members’ personal information; the reasons Lake Michigan Credit Union chooses to share; and whether you can limit this sharing.

Reasons we can share personal information Does LMCU share? Can you limit this sharing?
For our everyday business purposes– such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Yes No
For our marketing purposes– to offer our products and services to you Yes Yes
For joint marketing with other financial companies Yes Yes
For our affiliates' everyday business purposes- information about your transactions and experiences Yes Yes
For our affiliates' everyday business purposes– information about your creditworthiness No We don't share
For our affiliates to market to you Yes Yes
For nonaffiliates to market to you No We don't share

To limit our sharing

Please note:
If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing.

Questions?

Call (616) 242-9790 or use our Secure Contact Form

Privacy Notice:

Who we are

Who is providing this notice?

Lake Michigan Credit Union (LMCU)

What we do

How does Lake Michigan Credit Union protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

How does Lake Michigan Credit Union collect my personal information?

We collect your personal information, for example, when you:

  • Open an account or Deposit Money
  • Pay your bills or Apply for a loan
  • Use your credit or debit card

We also collect your personal information from others such as credit bureaus, affiliates or other companies.

Why can't I limit all sharing?

Federal law gives you the right to limit only:

  • sharing for affiliates’ everyday business purposes - information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing.

What happens when I limit sharing for an account I hold jointly with someone else?

Your choice will apply to everyone on your account.

Definitions:

Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

  • Lake Michigan Financial Group (including Lake Michigan Insurance Agency)

Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.

  • Lake Michigan Credit Union does not share with nonaffiliates so they can market to you.

Joint Marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

  • Our joint marketing partners include insurance and student loan companies

Other important information:

What members can do to help: Protect your account numbers, card numbers, and passwords. Use caution in revealing account numbers, social security numbers, etc., to other persons.